PepsiCo to set up 4 plants in UP worth Rs 3,740 crore, 5000+ job opportunities expected
Lucknow The Uttar Pradesh government through its investment promotion agency Invest UP has been successful in attracting beverage industrial units to Gorakhpur, Amethi, Prayagraj and Chitrakoot. Varun Beverages Ltd., a pan-India franchise of PepsiCo, has been allotted land through fast-track mode to set up its units for production of carbonated soft drinks, fruit pulp or juice-based drinks in these districts.
The company proposes to invest a total of Rs 3,740 crore in all the four plants, which will have about 5,650 expected employment opportunities.
Invest UP CEO Abhishek Prakash said that under the leadership of Chief Minister Yogi Adityanath and under the guidance of Industrial Development Minister Nand Gopal Gupta ‘Nandi’, the policy of fast track land allotment and promotion of mega projects is proving to be in the state. To be an important facilitator in attracting investments in the State.
Additional Chief Executive Officer Prathamesh Kumar said that Varun Beverages Limited has been allotted 45 acres of land in Narkatha village of Gorakhpur through fast track mode.
The company proposes to invest Rs 1071.28 crore here, which will generate about 1,500 employment opportunities.
With the allotment of 68.6 acres of land at Bargarh Industrial Area in Chitrakoot, Varun Beverages Limited proposes to invest around Rs 496.57 crore with estimated jobs of around 1,000.
Around 24.7 acres of land has been allotted in Saraswati Hi-Tech City, Naini-Prayagraj and the investor proposes to invest Rs 1,052.57 crore with 1,500 employment opportunities, while 26.1 acres of area has been allotted in Trishundi Industrial Area-Amethi Where the proposed investment is Rs 1,119.59 crore with 1,650 expected jobs.